-National Herald He fears for his life and safety of his family, admits the activist from Mumbai, explaining his reluctance to speak to the media and appear on TV. Visiting the national capital for filing his petition before the Supreme Court, Manoranjan S Roy resisted attempts to drag him to TV studios. Life for him had changed ever since his RTI applications revealed discrepancies between the supply and deployment of Electronic...
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NABARD figures misleading: Gujarat DCCBs collected highest average banned notes -Quaid Najmi
-National Herald/ IANS The National Bank for Agiculture & Rural Development (NABARD) had said in a statement on Friday, June 22 that demonetised ?500 and ?1,000 notes presented to district cooperative central banks (DCCBs) in Maharashtra were higher than those deposited in Gujarat, followed by Kerala. This statement, in essence, may be misleading. According to RTI information secured by Mumbai activist Manoranjan S Roy, Maharashtra's 30 DCCBs (out of total 370) secured...
More »3 months after selling chana, farmers yet to get dues -Ramu Bhagwat
-The Times of India NAGPUR: As apprehended, the already distressed Vidarbha farmers are facing a severe cash crunch because of government apathy on three fronts. First, payments for tur and chana procured at MSP have been delayed. Then roll-out of loan waiver has been total mess and could not be completed a year after its announcement. Now, nationalized banks are reluctant to provide crop loans. With rains having arrived, farmers are running...
More »Ahmedabad District Cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply
-IANS A district cooperative bank, Ahmedabad District Cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district Cooperative Banks...
More »Easier credit norms for small and marginal farmers -Zia Haq
-Hindustan Times Government’s decision is aimed to cut dependence of small and marginal farmers on usurious informal private lenders. The government has streamlined lending norms in schemes such as the Kisan Credit Card to boost institutional credit flow to small and marginal farmers who make up over 90% of people engaged in agriculture and, as a class, are highly vulnerable to risks. The aim is to cut their dependence on usurious...
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